SQ Acquires North Pit Wall Expansion Project Worth ฿830Mn from “Honsa Power”
SQ was awarded with North Pit Wall Expansion Project from "Hongsa Power" with a 5-year contract value of 830 million baht.
Sahakol Equipment Public Company Limited (SQ) has announced that on May 25, 2021, the Company received notification of receiving of letter of Award from Hongsa Power Company Limited (HPC) to North Pit Wall Expansion Project that the amount of a services fee approximately 830 million baht, work period in 5 years (January 2022–December 2026).
HPC is a joint venture company between Banpu Power Limited (BPP) 40%, RH International (Singapore) Corporation Pte. Ltd. is a subsidiary of RATCH Group Public Company Limited (formerly named as Ratchaburi Electricity Generating Holding Public Company Limited) 40% and Lao Holding State Enterprise (LHSE) 20%.